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Showing 1251 - 1260 of 4167 results for "Action"

Hostplus enhances ESG option

KARREN VERGARA  |  TUESDAY, 16 FEB 2021
... month, Market Forces put pressure on Hostplus to join a growing list of funds to divest fossil fuels and develop a climate action plan. Hostplus chief executive David Elia commented: "We recognise climate change as being a material financial risk, as ...

Statewide warns of cold calls to members

ELIZA BAVIN  |  MONDAY, 15 FEB 2021
... the adviser, or their advice, we encourage you to contact your existing provider or get a second opinion before taking action," Palmer said. "Advice from these types of groups can have a fairly significant fee attached, so make sure you are comfortable ...

AMP Capital still being dressed up for sale

ELIZABETH MCARTHUR  |  THURSDAY, 11 FEB 2021
With the sale of AMP Capital still on the table, AMP chief executive Francesco De Ferrari has addressed the asset management business' cultural issues and hinted at who would take over its leadership. De Ferrari assumed direct leadership of AMP ...

The trouble with best financial interests duty

KARREN VERGARA  |  WEDNESDAY, 10 FEB 2021
The best financial interests duty reform has major loopholes and lacks guidance from regulators, leading to major confusion for superannuation trustees. The fourth element of the proposed Your Future, Your Super reforms should be abandoned, according ...

Macquarie makes telecoms bid

ELIZA BAVIN  |  MONDAY, 8 FEB 2021
... update the market in line with its continuous disclosure obligations and at this stage shareholders to not need to take any action.

APRA commends super funds on tough year

ELIZA BAVIN  |  FRIDAY, 5 FEB 2021
... vulnerabilities that threatened the stability of Australia's financial system. "At the heart of the challenge was a collective action problem: that is, that steps by individual financial institutions to protect themselves from the economic impact of ...

Wage subsidy needed for new entrants: AFA

JAMIE WILLIAMSON  |  THURSDAY, 4 FEB 2021
... standards are being increased," the AFA said. The association said it assumes one driver for the increase is ramped up action against major financial institutions, and argued that small, individual advice businesses should not be footing the bill. "Many ...

FPA calls for levy overhaul

ANNABELLE DICKSON  |  WEDNESDAY, 3 FEB 2021
... reconsider whether ASIC should continue to recoup the entire cost of regulating the industry through the levy as enforcement action is only against a small number of advisers. "It should also consider whether the operation of the levy, and in particular ...

Bezos steps down at Amazon

JAMIE WILLIAMSON, ELIZA BAVIN  |  WEDNESDAY, 3 FEB 2021
Jeff Bezos will step down as chief executive later this year, transitioning to the role of executive chair. Announced in Amazon's full year 2020 results, chief executive of Amazon Web Services (AWS) Andy Jassy will take over as chief executive in Q3 ...

Chief economist update: RBA extends QE

BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
... to return to its end-2019 level by the middle of this year." Aussie! Aussie! Aussie! Oi! Oi! Oi! However, the RBA's action betrays its optimism. While the RBA kept interest rate settings unchanged - official cash rate and yield on 3-year Australian ...